Civic Intelligence

Hardesty Renaissance Economic Development Corporation

990 • Fiscal year 2018 • EIN 45-3190226

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 05, 2019

Organization ProfileN/A
2 Allen Street 7th FloorNew York, NY 10002

(913) 558-3523

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

1.52x

Higher debt load relative to assets than 95% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

100th percentile

126.69x

Higher debt load relative to revenue than 100% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Source year 2018

Net Margin

1st percentile

-1823%

Higher net margin than 1% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

76th percentile

$182,828

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 496.9% of source-year revenue.

2018 filings • NTEE S • $1M-$5M nonprofits • Source year 2018

Asset Growth

22nd percentile

-5.8%

Faster asset growth than 22% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

2nd percentile

-89%

Faster revenue growth than 2% of similar nonprofits.

2018 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$3,070,091

Down $187,587 (-5.8%) from 2017

Net Assets

Down

-$1,590,991

Down $670,807 (-73%) from 2017

Liabilities

Up

$4,661,082

Up $483,220 (+12%) from 2017

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$36,791

Down $312,289 (-89%) from 2017

Expenses

Down

$707,598

Down $33,437 (-4.5%) from 2017

Net Income

Down

-$670,807

Down $278,852 (-71%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2011: $529,821Liabilities 2011: $576,052Net Assets 2011: -$46,2312011Assets 2012: $562,689Liabilities 2012: $778,048Net Assets 2012: -$215,3592012Assets 2013: $631,830Liabilities 2013: $1,118,881Net Assets 2013: -$487,0512013Assets 2014: $1,143,801Liabilities 2014: $1,738,184Net Assets 2014: -$594,3832014Assets 2015: $1,792,200Liabilities 2015: $1,963,026Net Assets 2015: -$170,8262015Assets 2016: $1,932,640Liabilities 2016: $2,460,869Net Assets 2016: -$528,2292016Assets 2017: $3,257,678Liabilities 2017: $4,177,862Net Assets 2017: -$920,1842017Assets 2018: $3,070,091Liabilities 2018: $4,661,082Net Assets 2018: -$1,590,9912018Assets 2019: $3,047,295Liabilities 2019: $4,810,010Net Assets 2019: -$1,762,7152019Assets 2020: $4,789,593Liabilities 2020: $6,959,006Net Assets 2020: -$2,169,4132020Assets 2021: $4,583,861Liabilities 2021: $6,772,408Net Assets 2021: -$2,188,5472021Assets 2022: $4,600,521Liabilities 2022: $6,959,369Net Assets 2022: -$2,358,8482022Assets 2023: $4,579,874Liabilities 2023: $7,225,899Net Assets 2023: -$2,646,0252023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2018

Assets$3,070,091
Liabilities$4,661,082
Net Assets-$1,590,991
Open 2018 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $46,2312011Expenses 2012: $187,0582012Revenue 2013: $55,941Expenses 2013: $327,633Net Income 2013: -$271,6922013Revenue 2014: $113,695Expenses 2014: $221,026Net Income 2014: -$107,3312014Revenue 2015: $621,400Expenses 2015: $197,844Net Income 2015: $423,5562015Revenue 2016: $112,412Expenses 2016: $469,815Net Income 2016: -$357,4032016Revenue 2017: $349,080Expenses 2017: $741,035Net Income 2017: -$391,9552017Revenue 2018: $36,791Expenses 2018: $707,598Net Income 2018: -$670,8072018Revenue 2019: $760Expenses 2019: $225,609Net Income 2019: -$224,8492019Revenue 2020: $0Expenses 2020: $406,698Net Income 2020: -$406,6982020Revenue 2021: $200,682Expenses 2021: $219,816Net Income 2021: -$19,1342021Revenue 2022: $1,316Expenses 2022: $171,617Net Income 2022: -$170,3012022Revenue 2023: $648Expenses 2023: $287,825Net Income 2023: -$287,1772023Revenue 2024: $2,832,624Expenses 2024: $185,970Net Income 2024: $2,646,6542024

Highlighted filing

2018

Revenue$36,791
Expenses$707,598
Net Income-$670,807
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 5, 2019
Return Version
2018v3.1
Gross Receipts
$36,791
Mission and Program Overview

Mission

To complete a long-term development of the former federal hardesty complex at hardesty and independence avenues, kansas city.

The overarching vision is tocomplete a long term development of the former federal

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,011,799$3,043,160▲ $31,361
Accounts Receivable$37,578--
Cash and Non-Interest-Bearing Accounts$194,722$21,236▼ $173,486
Prepaid Expenses and Deferred Charges$12,019$4,135▼ $7,884
Total Assets$3,257,678$3,070,091▼ $187,587
Other Assets Total$1,560$1,560→ $0
Liabilities
Other Liabilities$1,877,256$2,049,425▲ $172,169
Mortgage Notes Payable Secured by Investment Property$1,416,323$1,900,232▲ $483,909
Unsecured Notes Loans Payable$734,853$704,853▼ $30,000
Accounts Payable and Accrued Expenses$149,430$6,572▼ $142,858
Total Liabilities$4,177,862$4,661,082▲ $483,220
Net Assets / Fund Balance
Temporarily Rstr Net Assets$54,225$0▼ $54,225
Unrestricted Net Assets$-974,409$-1,590,991▼ $616,582
Total Net Assets Fund Balance$-920,184$-1,590,991▼ $670,807
Total Liabilities and Net Assets / Fund Balance$3,257,678$3,070,091▼ $187,587

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,492,172$19,986$2,512,158
Buildings$380,049-$380,049
Land$135,960-$135,960
Equipment$34,979-$34,979
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleOtherTotal
Hsueh Lam YanAssistant Secretary$113,339$113,339
Jennifer SunCo Executive Director$96,153$96,153

Board Members and Trustees

NameTitle
Thomas YuPresident
Jacqueline HueySecretary
PO YuenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$36,000
Investment Income
$0
Other Revenue
$791
Change in Net Assets
$-670,807

Audited Revenue Reconciliation

Revenue per Audited Statements
$36,791
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$36,791
Total Revenue per Form 990
$36,791
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$410,731
Salaries, Compensation, and Employee Benefits$296,867
Total Fundraising Expense$29,687
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$53,798$156,716$23,391$233,905
Fees for Services Management$193,809--$193,809
Interest$66,148$7,350-$73,498
Other Employee Benefits$8,862$25,816$3,853$38,531
Payroll Taxes$4,475$13,035$1,945$19,455
Insurance$14,467$1,607-$16,074
Depreciation Depletion$10,899$1,211-$12,110
Occupancy$10,385$1,017-$11,402
Fees for Services Accounting$2,835$6,815-$9,650
Office Expenses$7,257$30-$7,287
Travel$4,011$1,042-$5,053
Other Salaries and Wages$1,144$3,334$498$4,976
Other Expenses$2,001$311-$2,312
Advertising$2,296--$2,296
Fees for Services Legal$735--$735
Total Functional Expenses$452,633$225,278$29,687$707,598

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$707,598
Total Expenses per Audited Statements$707,598
Total Expenses per Form 990$707,598
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Payable to Aafe, Inc.$1,809,587
Due to Affiliates$239,838
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The cfo gathers informations to prepare the form 990 tax return. This information is then given to an independent accoutning firm who prepares and reviews the form 990. The independent accoutning firm then provides the cfo a draft of the form 990 for comments and approval. Once the cfo and the cpa firm approve the form 990, a copy of the 990 is then provided to all governing board members along with a response time for questions and comments. All issues are resolved and the form 990 is filed.”

Form 990, Part VI, Section B, Line 12C

“At the time of hire or election(in the case of directors), and annually thereafter, the officers, directors, and key, employees shall provide the applicable conflict of, interest disclosures which shall be completed to identify, any relationships, positions or circumstances in which, it is believed a conflict may arise. If a conflict, arises, the officers, director, or key employee abstains, from the vote of the conflicted position., annual monitoring and review procedure shall be part of, the organization's compliance plan. An appropriate report, shall be submitted to the executive board concerning any, interest disclosed.”

Form 990, Part VI, Section B, Line 15

“NEED PROCESS FOR 15B”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Hardesty Renaissance Economic Developmen
EIN
45-3190226
Phone
9135583523
Address
2 ALLEN STREET 7TH FLOOR, NEW YORK, NY 10002

Signing Officer

Name
Jennifer Sun
Title
Co Executive Director
Phone
9135583523
Signed
2019-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Mallios
Formed
2011
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
0

Preparer

Firm
Emerick & Company Pc
Address
4520 MADISON AVE STE G, KANSAS CITY, MO 64111
Preparer
David Emerick
Phone
8165312822
Raw XML AppendixShowing 400 of 768 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0149430
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt06572
IRS990/AccountsReceivableGrp/BOYAmt037578
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE OVERARCHING VISION IS TOCOMPLETE A LONG TERM DEVELOPMENT OF THE FORMER FEDERAL
IRS990/AdvertisingGrp/ProgramServicesAmt02296
IRS990/AdvertisingGrp/TotalAmt02296
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0CHRIS MALLIOS
IRS990/BooksInCareOfDetail/PhoneNum02122990539
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02 ALLEN ST SUITE 5 A
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010002
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0194722
IRS990/CashNonInterestBearingGrp/EOYAmt021236
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt023391
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0156716
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt053798
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0233905
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0410731
IRS990/CYOtherRevenueAmt0791
IRS990/CYProgramServiceRevenueAmt036000
IRS990/CYRevenuesLessExpensesAmt0-670807
IRS990/CYSalariesCompEmpBnftPaidAmt0296867
IRS990/CYTotalExpensesAmt0707598
IRS990/CYTotalFundraisingExpenseAmt029687
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt036791
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01211
IRS990/DepreciationDepletionGrp/ProgramServicesAmt010899
IRS990/DepreciationDepletionGrp/TotalAmt012110
IRS990/Desc0LONG TERM DEVELOPMENT OF THE FORMER FEDERAL HARDESTY COMPLEX ATHARDESTY AND INDEPENDENCE AVENUES, KANSAS CITY, MISSOURI,THAT WILL MEET COMMUNITY NEEDS AND CREATE JOBS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0452633
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06815
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt02835
IRS990/FeesForServicesAccountingGrp/TotalAmt09650
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0735
IRS990/FeesForServicesLegalGrp/TotalAmt0735
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0193809
IRS990/FeesForServicesManagementGrp/TotalAmt0193809
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0JENNIFER SUN
IRS990/Form990PartVIISectionAGrp/PersonNm1HSUEH LAM YAN
IRS990/Form990PartVIISectionAGrp/PersonNm2PO YUEN
IRS990/Form990PartVIISectionAGrp/PersonNm3JACQUELINE HUEY
IRS990/Form990PartVIISectionAGrp/PersonNm4THOMAS YU
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt096153
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1113339
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4182828
IRS990/Form990PartVIISectionAGrp/TitleTxt0CO EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt036791
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01607
IRS990/InsuranceGrp/ProgramServicesAmt014467
IRS990/InsuranceGrp/TotalAmt016074
IRS990/InterestGrp/ManagementAndGeneralAmt07350
IRS990/InterestGrp/ProgramServicesAmt066148
IRS990/InterestGrp/TotalAmt073498
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt019986
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03011799
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03043160
IRS990/LandBldgEquipCostOrOtherBssAmt03063146
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO COMPLETE A LONG-TERM DEVELOPMENT OF THE FORMER FEDERAL HARDESTY COMPLEX AT HARDESTY AND INDEPENDENCE AVENUES, KANSAS CITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01416323
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01900232
IRS990/NetAssetsOrFundBalancesBOYAmt0-920184
IRS990/NetAssetsOrFundBalancesEOYAmt0-1590991
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01017
IRS990/OccupancyGrp/ProgramServicesAmt010385
IRS990/OccupancyGrp/TotalAmt011402
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt030
IRS990/OfficeExpensesGrp/ProgramServicesAmt07257
IRS990/OfficeExpensesGrp/TotalAmt07287
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01560
IRS990/OtherAssetsTotalGrp/EOYAmt01560
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03853
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt025816
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt08862
IRS990/OtherEmployeeBenefitsGrp/TotalAmt038531
IRS990/OtherExpensesGrp/Desc0REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc1FEES
IRS990/OtherExpensesGrp/Desc2MAINTENANCE AND REPAIRS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04973
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11641
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2380
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3311
IRS990/OtherExpensesGrp/ProgramServicesAmt044754
IRS990/OtherExpensesGrp/ProgramServicesAmt114765
IRS990/OtherExpensesGrp/ProgramServicesAmt29992
IRS990/OtherExpensesGrp/ProgramServicesAmt32001
IRS990/OtherExpensesGrp/TotalAmt049727
IRS990/OtherExpensesGrp/TotalAmt116406
IRS990/OtherExpensesGrp/TotalAmt210372
IRS990/OtherExpensesGrp/TotalAmt32312
IRS990/OtherLiabilitiesGrp/BOYAmt01877256
IRS990/OtherLiabilitiesGrp/EOYAmt02049425
IRS990/OtherRevenueMiscGrp/BusinessCd0541900
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0791
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0791
IRS990/OtherRevenueTotalAmt0791
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0498
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt03334
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01144
IRS990/OtherSalariesAndWagesGrp/TotalAmt04976
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01945
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013035
IRS990/PayrollTaxesGrp/ProgramServicesAmt04475
IRS990/PayrollTaxesGrp/TotalAmt019455
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012019
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04135
IRS990/PrincipalOfficerNm0CHRIS MALLIOS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541610
IRS990/ProgramServiceRevenueGrp/Desc0MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt036000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt036000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0275000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt02080
IRS990/PYProgramServiceRevenueAmt072000
IRS990/PYRevenuesLessExpensesAmt0349080
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0349080
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-670807
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt036791
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0275000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt025000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0621400
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0113695
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01035095
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.04510
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct00.95490
IRS990ScheduleA/PublicSupportTotal509Amt01035095
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0275000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt025000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0621400
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0113695
IRS990ScheduleA/Total509Grp/TotalAmt01035095
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0275000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt025000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0621400
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0113695
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01035095
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0380049
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0380049
IRS990ScheduleD/EquipmentGrp/BookValueAmt034979
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt034979
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0707598
IRS990ScheduleD/LandGrp/BookValueAmt0135960
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0135960
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02492172
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt019986
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02512158
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0239838
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11809587
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOAN PAYABLE TO AAFE, INC.
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt036791
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03043160
IRS990ScheduleD/TotalExpensesPerForm990Amt0707598
IRS990ScheduleD/TotalLiabilityAmt02049425
IRS990ScheduleD/TotalRevenuePerForm990Amt036791
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt036791
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0707598
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0182828
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0THOMAS YU
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0182828
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CFO GATHERS INFORMATIONS TO PREPARE THE FORM 990 TAX RETURN. THIS INFORMATION IS THEN GIVEN TO AN INDEPENDENT ACCOUTNING FIRM WHO PREPARES AND REVIEWS THE FORM 990. THE INDEPENDENT ACCOUTNING FIRM THEN PROVIDES THE CFO A DRAFT OF THE FORM 990 FOR COMMENTS AND APPROVAL. ONCE THE CFO AND THE CPA FIRM APPROVE THE FORM 990, A COPY OF THE 990 IS THEN PROVIDED TO ALL GOVERNING BOARD MEMBERS ALONG WITH A RESPONSE TIME FOR QUESTIONS AND COMMENTS. ALL ISSUES ARE RESOLVED AND THE FORM 990 IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT THE TIME OF HIRE OR ELECTION(IN THE CASE OF DIRECTORS), AND ANNUALLY THEREAFTER, THE OFFICERS, DIRECTORS, AND KEY, EMPLOYEES SHALL PROVIDE THE APPLICABLE CONFLICT OF, INTEREST DISCLOSURES WHICH SHALL BE COMPLETED TO IDENTIFY, ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH, IT IS BELIEVED A CONFLICT MAY ARISE. IF A CONFLICT, ARISES, THE OFFICERS, DIRECTOR, OR KEY EMPLOYEE ABSTAINS, FROM THE VOTE OF THE CONFLICTED POSITION., ANNUAL MONITORING AND REVIEW PROCEDURE SHALL BE PART OF, THE ORGANIZATION'S COMPLIANCE PLAN. AN APPROPRIATE REPORT, SHALL BE SUBMITTED TO THE EXECUTIVE BOARD CONCERNING ANY, INTEREST DISCLOSED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NEED PROCESS FOR 15B
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0ASIAN AMERICANS FOR EQUALITYINC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1ASIAN AMERICANS FOR EQUALITYINC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0GOLDEN ALLEN LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1ONE HARDESTY LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0814388287
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1812624281
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt04186005
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt16188806
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1MO
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0PURCHASE & OWN CONDOMINIUMS
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1OPERATE A STORAGE FACILITY
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0223224
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt11112988
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt02 ALLEN STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt15401 INDEPENDENCE AVENUE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1KANSAS CITY
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1MO
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd010002
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd164123
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0AAFE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1AAFE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0814698636
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1474677213
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN2454485647
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN3474487628
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt3C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd3NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct11.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct20.57180
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0PROMOTE COMMON GOOD, WELFARE, & ECONOMIC DEVELOPMENT IN NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1RENOVATION OF FLUSHING, NY PROPERTY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2AFFORDABLE HOUSING MANAGEMENT & DEVELOPMENT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt3RENOVATION OF FLUSHING, NY PROPERTY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0AAFE NEW AMERICAN OPPORTUNITY FUND INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1HARMONY 106 CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2MORNINGSIDE REALTY DEVELOPMENT INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt3ONE FLUSHING NP LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt02 ALLEN STREET 7TH FLOOR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt1141 NORFOLK STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt22 ALLEN STREET 7TH FLOOR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt3141 NORFOLK STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm1NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm2NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm3NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd1NY

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,070,091
Liabilities
$4,661,082
Net assets
-$1,590,991
Revenue
$36,791
Expenses
$707,598
Net income
-$670,807
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$2.83$0.19$2.65
2023Detailed filing. Detailed filing data is available for this year.$4.58$7.23$2.65$0.00$0.29$0.29
2022Detailed filing. Detailed filing data is available for this year.$4.60$6.96$2.36$0.00$0.17$0.17
2021Detailed filing. Detailed filing data is available for this year.$4.58$6.77$2.19$0.20$0.22$0.02
2020Detailed filing. Detailed filing data is available for this year.$4.79$6.96$2.17$0.00$0.41$0.41
2019Detailed filing. Detailed filing data is available for this year.$3.05$4.81$1.76$0.00$0.23$0.22
2018Detailed filing. Detailed filing data is available for this year.$3.07$4.66$1.59$0.04$0.71$0.67
2017Detailed filing. Detailed filing data is available for this year.$3.26$4.18$0.92$0.35$0.74$0.39
2016Detailed filing. Detailed filing data is available for this year.$1.93$2.46$0.53$0.11$0.47$0.36
2015Detailed filing. Detailed filing data is available for this year.$1.79$1.96$0.17$0.62$0.20$0.42
2014Detailed filing. Detailed filing data is available for this year.$1.14$1.74$0.59$0.11$0.22$0.11
2013Detailed filing. Detailed filing data is available for this year.$0.63$1.12$0.49$0.06$0.33$0.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.78$0.22$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.58$0.05$0.05